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AI's Electricity Demand Means Cool New Tech Is Coming to Boring Grids

Jan 28, 2025 - financialpost.com
The article discusses the increasing electricity demand driven by artificial intelligence companies, electric vehicles, and heat pumps, which is pushing the development of new grid technologies. Startups like Massachusetts-based Veir, Inc. are innovating with superconducting cables that can carry significantly more electricity than traditional cables. Veir's technology involves using superconducting tapes cooled by liquid nitrogen, allowing cables to carry ten times more power. Despite the high costs and technical challenges, Veir has raised $75 million in a new investment round to deploy its technology at data centers, with support from investors like Munich Re Ventures and Microsoft Corp.

The article also highlights alternative solutions to meet rising energy demands, such as California-based TS Conductor's carbon fiber core cables and Massachusetts-based LineVision's dynamic line rating sensors. These technologies aim to enhance grid capacity without the need for extensive new infrastructure. LineVision's sensors, for example, provide real-time data to optimize power flow and prevent overheating. The article underscores the need for utilities to adapt to changing energy landscapes, driven by AI and renewable energy, by adopting innovative grid-enhancing technologies.

Key takeaways:

  • The increasing electricity demand from AI companies and electric vehicles is driving interest in new grid-enhancing technologies.
  • Veir, Inc. is developing superconducting cables that can carry 10 times more electricity than traditional cables, attracting significant investment.
  • Alternative solutions like TS Conductor's carbon fiber core cables and LineVision's dynamic line rating sensors offer cost-effective ways to increase power capacity.
  • Utilities are being forced to adapt to changing energy demands with new technologies, despite uncertainties about future AI energy needs.
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